Now Mining Review – Is This A Good Opportunity Or Big Scam?
Now Mining has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling Now Mining.
I have simply gathered for you all the facts in this Now Mining Review in order for you to make a proper decision about it.
So, is it true? Is Now Mining a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Now Mining?
Per the Now Mining website, the company is being operated out of London in the United Kingdom. This looks good enough at face value, but after searching for companies incorporated in the UK by the name of “Now Mining”, I wasn’t able to find anything.
The Now Mining domain name was registered on July 27, 2017, but since it was done privately, there’s no way of telling where in the world it took place or who owns the domain itself.
Luis Ortega is credited as being Now Mining’s CEO, and he currently resides in Arizona in the United States. This suggests that Now Mining is actually based out of the U.S., and when it comes to Ortega’s past MLM experience, he doesn’t appear to have any at all.
Now Mining held a grand opening on December 9, 2017 in Phoenix, Arizona, and along with this, the company also held a conference call that was run by Oz Fuentes. Oz Fuentes is also based out of Arizona, and he’s said to have 10+ years of experience in the MLM field.
At one point during the conference call, Fuentes mentions something about Now Mining being connected to Genesis Mining.
“[4:23] I found out that Luis had been working with Genesis Mining for about three years.
He’s been consulting for them, Genesis Mining. And he was chosen to be the President of CEO of Now Mining, who is the marketing arm for Genesis Mining.
Genesis Mining is a four year old company, debt free.
They’re worth about two billion dollars. They’ve mined about a hundred thousand bitcoin so far.
And they decided to launch their network marketing arm, Now Mining.”
Although this connection could be a real thing, I find it hard to believe.
Not only has Now Mining not existed until earlier this month, but Genesis Mining doesn’t have mention of Now Mining anywhere at all on its website.
Lastly, Alexa rankings show that 64% of all site traffic for the Now Mining site come from the United States.
What Are The Products For Now Mining?
Looking at Now Mining’s product line, there’s unfortunately nothing to see.
No goods or services are being marketed to retail customers, and because of this, it’s impossible for retail sales activity to take place.
This leaves affiliates with only the affiliate membership to sell to those interested in it, and in my experience, this is something that’s really only ever seen with opportunities in the MLM underbelly.
What Is The Compensation Plan For Now Mining?
The biggest draw to Now Mining’s compensation plan is the daily ROI that’s being offered.
Now Mining says that the ROI is around 1% per day, and with this being paid for a total of 280 days, you’re looking at a final payout of 280%.
Affiliates have a few different investment levels to choose from, and they include the following:
- Invest $100
- Invest $500
- Invest $1000
- Invest $3000
- Invest $5000
- Invest $10,000
- Invest $15,000
- Invest $20,000
- Invest $30,000
- Invest $50,000
- Invest $100,000
In addition to this, affiliates also have the chance to earn on both referral and residual commissions.
What’s Does It Cost To Join Now Mining?
If you’d like to join Now Mining, you can initially do so for free and earn on just referral and residual commissions.
In order to earn on these and the daily ROI, you’ll need to make an investment between $100 and $1000.
Is Now Mining A Scam?
Have you heard from a friend that Now Mining is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Now Mining – is it a scam or legit?
Good news – Now Mining is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
Now Mining Review Conclusion
Again going back to the conference call, Oz Fuentes says the following:
“[8:43] After nine months not only will you make your money back in bitcoin mining, but you’ll triple it… almost triple it.
And if you’re blessed, you’ll even quadruple it.
[9:23] The five thousand dollar mining contract will allow you to make about fifty dollars a day.
And if you multiply fifty dollars times two hundred and eighty days, you’re talking about a fifteen thousand to eighteen thousand dollar return.
[10:51] There’s no real-estate investment that you can purchase at a hundred thousand dollars that will make you three hundred thousand dollars … within nine months.
There’s no investment out there, there’s no bonds, there’s no stocks – there’s nothing out there that will triple your money within nine months at all.”
This business model makes it clear that Now Mining is offering securities to its affiliates, and because of this and the fact that the company is operating in the United States, it needs to be registered with the SEC in order to be a legal business.
To not much surprise, Now Mining has no registration at all with the SEC.
This makes Now Mining an illegal business opportunity, and when you add this together with the pyramid scheme element thanks to the residual and referral commissions, you end up with a whole lot of bad that I advise staying as far away from as possible.
I sure hope that you have found my Now Mining review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Now Mining review to have all the information for you.
If you decide to carry forward with Now Mining, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.